Too early to decide on further stimulus: Draghi

Frankfurt

RISKS to Europe's inflation and growth outlook have increased due to the emerging market slowdown but the European Central Bank needs more time before deciding on further stimulus, ECB president Mario Draghi said on Wednesday.

Mr Draghi said price growth will take longer than previously expected to rise back to the ECB's near 2 per cent target and that the eurozone's central bank is ready to beef up its one trillion euro (S$1.6 trillion) plus asset buying programme if needed.

But it needs more evidence to conclude whether China's slowdown, the euro's rise and falling oil prices will divert inflation from its pro…